369 Delsea Dr Franklin, NJ 08328
- Commercial real estate
- 0.51 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 369 Delsea Dr
- Year built
- 1925
- Construction
- FRAME
- Lot size
- 0.51 lot acres
- Zone code
- MV
- Property type
- Commercial real estate
- APN
- 05 04735-0000-00003
- APU
- 504735000000003
Description
This exceptional 0.59-acre commercial land parcel, situated at 369 Delsea Drive in Franklin, New Jersey (zip code 08328), presents a compelling investment opportunity. The property is zoned for commercial use, offering significant potential for a variety of developments. Its location within the bustling Malaga corridor ensures high visibility and substantial foot and vehicle traffic, maximizing exposure for any business. The surrounding area boasts a thriving commercial environment, featuring a diverse mix of retail establishments, restaurants, and service businesses. This strategic location provides easy access to major highways, simplifying logistics and transportation. The property's proximity to local amenities, including banks, restaurants, and shopping centers, further enhances its appeal. This single-tenant land parcel is ready for development, offering a blank canvas for a new commercial venture to thrive in a high-traffic, well-established commercial area. The property's size and zoning make it suitable for a range of commercial uses, from retail spaces to professional offices. This is a rare opportunity to acquire a prime commercial lot in a dynamic and growing area of New Jersey.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $955,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,020,000
- 6.5%
- $965,000
- 7%
- $980,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,090,000
- Geo Method
- $875,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,055,000
- Retail
- $1,220,000
- Mixed-Use
- $1,150,000
- Hospitality
- $1,075,000
- Educational
- $1,035,000
- Residential Income
- $1,200,000
- Energy
- $1,270,000
- Income-Based Land
- $1,070,000
- Food Service
- $935,000
Location Insight
- Map
- Local Demand
- City
- Malaga
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.0552
- Latitude
- 39.571
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA